FIN 370 Final Exam (29/30 correct answers) Homework | Page 11

6.92 percent
6.08 percent
Al invested $ 7200 in an account that pays 4 percent simple interest. How much money will he have at the end of five years?
$ 8,678
$ 8,710
$ 8,299
$ 8,056
$ 8,640
All of the following represent potential gains from an acquisition except the:
Use of surplus funds.
Tax loss carryovers acquired in the acquisition.
Obtainment of a beachhead.
Diseconomies of scale related to increased labor demand.
Lower costs per unit realized.
Fresno Salads has current sales of $ 6000 and a profit margin of 6.5 percent. The firm estimates that sales will increase by 4 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income?
$ 438.70